OF ECONOMICS ACT, 1997
(Pb. Act II of 1997)
1. Short title and
2. Establishment of
3. Functions and
powers of the School.
6. Inspection and
7. Board of Governors.
8. The Rector.
9. Powers and
functions of the Board.
10. Business of the
13. Delegation of
14. School Fund.
15. Budget, audit and
17. Removal of
OF ECONOMICS ACT 1997
(Pb. Act II of 1997)
An Act to
provide for the establishment of the
School of Economics
Preamble.— Whereas it is expedient to
establish the Lahore School of Economics;
It is hereby enacted as follows:-
1. Short title and commencement.— (1)
This Act may be called the Lahore School of Economics Act 1997.
(2) It shall come into force at once.
2. Establishment of the School.— (1)
There shall be established an institution to be called the Lahore School of
(2) The School shall be a body
corporate having perpetual succession and a common seal with power to
acquire, hold and dispose of property and shall by the said name sue and be
3. Functions and powers of the School.—
The functions and powers of the School shall be—
(a) to provide for instruction and
(i) economics, finance and
business administration; and,
(ii) such other branches of
learning as the Board of Governors may determine with the approval of the
Patron given on the recommendation of a committee constituted by the
(b) to provide for research,
demonstration and other services, and for the advancement and dissemination
(c) to hold examinations and confer on or award degrees, diplomas,
certificates and other academic distinctions to persons who have passed its
(d) to select and promote faculties;
(e) to prescribe courses of studies;
(f) to establish and support other
facilities for education, training and research; and
(g) to decide teaching methods and
strategies in order to ensure the most effective educational and training
4. Jurisdiction.— (1) The
jurisdiction of the School shall, subject to sub-section (2), be restricted
to its campus to be located in Lahore.
(2) The School shall not open a
sub-campus or affiliate any other institution for ten years from the
commencement of this Act after which period it may have sub-campuses or
affiliate other institutions with the approval of the Patron.
5. Patron.— (1) The Governor of the
Punjab shall be the Patron of the School.
(2) The Patron or his nominee shall
preside at the convocations of the School.
(3) Every proposal to confer an
honorary degree shall be subject to confirmation by the Patron.
6. Inspection and inquiry.— (1) The
Patron may cause an inspection or inquiry to be made in respect of any
matter connected with the affairs of the School.
(2) The Patron shall communicate to the
Board of Governors his views with regard to the result of the inspection or
inquiry and shall, after ascertaining the views of the Board, advise the
Board on the action to be taken by it.
(3) The Board of Governors shall,
within such time as may be specified by the Patron, communicate to him such
action, as has been taken as a result of the inspection or inquiry.
(4) Where the Board of Governors does
not, within the time specified, take action to the satisfaction of the
Patron, the Patron may issue such directions as he thinks fit and the Board
shall comply with all such directions.
(5) The Patron may, on the
recommendation of a Committee constituted by the Patron and comprising a
nominee of the Board of Governors, a judge of the Lahore High Court to be
nominated by the Chief Justice of the said Court and a Professor Emeritus or
Vice Chancellor, take any action against the school including its closure.
(6) The Government may make rules to
give effect to the provisions of sub-section (5).
7. Board of Governors.— (1) The Board
of Governors of the School shall consist of the following:-
(i) Chairman of the National
Economics Foundation (a body registered at Lahore on 13th October 1992 under
the Societies Registration Act 1860);
(ii) Members of the Board of
Trustees of the National Economics Foundation subject to a maximum of eight
(iii) a judge of the Lahore High
Court to be nominated by the Chief Justice of the said High Court;
(iv) Chairman, University Grants
Commission or his nominee not below the rank of a whole time Member;
(v) a Vice Chancellor of a
University in the Punjab nominated by the Patron;
(vi) the Rector;
(vii) Education Secretary, Government
of the Punjab or his nominee not below the rank of an Additional Secretary;
(viii) Finance Secretary, Government
of the Punjab or his nominee not below the rank of an Additional Secretary.
(2) The Chairman of the National
Economics Foundation shall be the Chairman of the Board of Governors.
The Rector.— (1) The Rector,
who shall be an eminent scholar of national repute and an educationist of
distinction, shall be appointed by the Patron on the nomination of the
National Economics Foundation on such terms and conditions as may be
determined by the Board of Governors.
(2) The Rector shall perform such
functions as are assigned to him by the Board of Governors.
9. Powers and functions of the Board.—
The administration and management of the affairs of the School shall vest,
in the Board.
10. Business of the Board.— (1) The
meetings and the business of the Board shall be conducted in such manner and
in accordance with such procedure as may be prescribed and until these
matters are prescribed, as may be determined by the Board.
(2) No act or proceeding of the Board
shall be invalid by reason of any vacancy or defect in the constitution of
11. Appointments.— The School may
appoint such persons in its service as may be necessary on such terms and
conditions as may be determined by the Board.
12. Committees.— The Board may
constitute such committees as may be deemed necessary for carrying out the
purposes of this Act.
13. Delegation of powers.— The Board
may delegate to any person or a committee any of its powers, duties or
14. School Fund.— (1) There shall be
a fund to be known as the ‘Lahore School of Economics Fund’, which shall
vest in the School and to which shall be credited all sums received by the
(2) The fund shall be kept in such
custody and shall be utilized and regulated in such manner as may be
15. Budget, audit and accounts.— The
budget of the School shall be approved and its accounts shall be maintained
and audited in such manner as may be prescribed.
Regulations.— The Board may,
by notification, make regulations for the administration and management of
the affairs of the School.
17. Removal of difficulties.— If any
difficulty arises in giving effect to any of the provisions of this Act, the
Government may, on the recommendations of the Board, give such directions,
not inconsistent with the said provisions, as it may consider necessary for
the removal of such difficulty.
18. Repeal.— The Lahore School of
Economics Ordinance 1997 (XV of 1997) is hereby repealed.